Congress should put off deciding whether to adopt the Health Insurance Rate Authority Act, a state lawmaker says.
Congress has convened just one hearing on the HIRAA bill, S. 3078, and the bill would let “unelected bureaucrats… unilaterally determine the future of rate oversight,” Rep. Robert Damron, D-Frankfort, Ky., president of the National Conference of Insurance Legislators, Troy, N.Y., writes in a letter sent to Sen. Christopher Dodd, D-Conn.
Dodd is chairman of the Senate Banking, Housing and Urban Affairs Committee.
Damron also sent a copy of the letter to Sen. Richard Shelby, R-Ala., the highest-ranking Republican on the committee.
Sen. Dianne Feinstein, D-Calif., introduced S. 3078 in March.